Galxe Surges: 287% User Growth, 25M Wallets, G Token Upgrade

The Web3 ecosystem is witnessing significant growth, with Galxe, a super app, leading the charge. According to a recent in-depth report by Messari, Galxe has demonstrated remarkable progress in driving innovation and adoption within the Web3 space. The report highlights Galxe's comprehensive suite of products, including Galxe Passport, Galxe Quest, Galxe Identity Protocol, Galxe Score, Alva, and services supporting identity verification, community interaction, and real-time AI crypto insights.

Galxe's user base has expanded exponentially, with a 287% increase from 2.6 million users in the fourth quarter of 2023 to 10 million users in the third quarter of 2024. This growth has been accompanied by a surge in the issuance of credentials, with 362,000 credentials issued by the third quarter of 2024. Additionally, over 6,500 projects have created tasks through Galxe, and there are now 977,000 Galxe Passport holders.

The launch of Galxe's high-performance Layer-1 blockchain, Gravity Alpha mainnet, has further bolstered the ecosystem. As of now, there are 25.2 million wallet addresses and an average daily transaction volume of 799,000. The Gravity network is expected to officially launch its mainnet in the fourth quarter of 2025.

In July 2024, Galxe announced the token upgrade of its GAL token to G at a 1:60 ratio. The new token G will serve as the native Gas token of the Gravity network, supporting multiple ecosystem functions such as staking, governance, and platform transaction fee payment. As of now, the G token has completed circulation of 7.2 billion, representing 60.3% of the total supply.